* Commodities are in a Bear Market * The Stock Market May Be on the Verge of Signaling a Commodity Rally * Short-Term Commodity Momentum At Pring Turner Capital, the registered investment advisory firm where I serve as investment strategist, our investment approachinvolves the proactive rotation of client's assets around the... READ MORE
* The Dow Jones and MSCI World Stock Indexes/ETF Poised to Move Higher * Rest of the World Emerging * Europe, Japan and Emerging Markets Looking Positive The Dow Jones and MSCI World Stock Indexes/ETF Poised to Move Higher US indexes have rallied sharply in the last week, but so have... READ MORE
* Pound is in a Long-Term Secular Bear Market * Crossing of the 200-Day Starts the Ball Rolling for a Primary Bull Market * Pound Set to Break Against the Euro Pound is in a Long-Term Secular Bear Market Chart 1 shows that the British Pound has been in a secular bear market... READ MORE
Editor's Note: This article was originally published in Martin Pring's Market Roundup on Tuesday, October 8th at 12:48pm ET. Short-term oscillators behave differently depending on the direction of the primary trend. In bull markets, prices are very sensitive to oversold conditions and quickly bounce. We... READ MORE
* Short-Term Indicators Behave Differently in Bull and Bear Markets * Three Charts to Watch for a Potential Bearish Scenario Short-Term Indicators Behave Differently in Bull and Bear Markets Short-term oscillators behave differently depending on the direction of the primary trend. In bull markets, prices are very sensitive to oversold conditions and... READ MORE
The monthly Market Roundup video for October is now available. Good luck and good charting, Martin J. Pring The views expressed in this article are those of the author and do not necessarily reflect the position or opinion of Pring Turner Capital Group of Walnut Creek or its affiliates.... READ MORE
Editor's Note: This article was originally published in Martin Pring's Market Roundup on Friday, September 27th at 1:25pm ET. Last week, I wrote that the short-term technical picture looked positive, but that I was watching three charts which would confirm a significant extension to the... READ MORE
* What's Happening with Last Week's Three Featured Charts * Short-Term Oscillators * Longer-Term Indicators are Mostly Bullish Last week, I wrote that the short-term technical picture looked positive, but that I was watching three charts which would confirm a significant extension to the bull market in the event... READ MORE
Editor's Note: This article was originally published in Martin Pring's Market Roundup on Monday, September 16th at 6:04pm ET. First of all, Chart 4 features the NASDAQ bullish percentage. You can see how it has been gradually working its way lower since early 2018, having... READ MORE
* High Velocity of Short-Term Indicators Indicate Higher Prices * Three Charts to Monitor for More Upside Potential High Velocity of Short-Term Indicators Indicate Higher Prices A couple of weeks ago, I cited some short-term indicators for the US stock market that struck me as being bullish. Several of these are now... READ MORE
* Long-Term Commodity Technicals are Finely Balanced * Gold Leads Commodities * Commodities Rise and Fall with Confidence * Short-Term Technicals are Encouraging * Platinum Breaking Out Commodities have been losing ground recently, but the latest data suggest that they may be in the process of turning around. If so, that could be important for... READ MORE
The monthly Market Roundup video for September is now available. Good luck and good charting, Martin J. Pring The views expressed in this article are those of the author and do not necessarily reflect the position or opinion of Pring Turner Capital Group of Walnut Creek or its affiliates.... READ MORE
* Breadth Acting Positively * Four Short-Term Indicators Turn Bullish * Stocks Could Be Breaking Against Gold The mood on Wall Street is turning ever more cautious as the economic numbers continue to soften. We need to remember, though, that the stock market is a forward-looking indicator, as it looks through the foggy... READ MORE
Editor's Note: This article was originally published in Martin Pring's Market Roundup on Wednesday, August 27th at 4:15pm ET. One simple and very much overlooked technique for trend identification is to observe whether the price of a security is experiencing a series of rising peaks... READ MORE
* Support Holds in an Oversold Market * Most Sectors Still Experiencing Rising Peaks and Troughs Last week, I pointed out that the stock market faced a challenge at its recent lows. This was because I saw that a breach of the solid red trend lines in Charts 1 and 2 would... READ MORE
Editor's Note: This article was originally published in Martin Pring's Market Roundup on Wednesday, August 21st at 9:36pm ET. During my many decades in this business, I have never heard of a recession so well-advertised as the one we are witnessing currently. It's... READ MORE
* Trick or Treat for Global Equities? * Several Reliable US Short-Term Indicators Turning Bullish During my many decades in this business, I have never heard of a recession so well-advertised as the one we are witnessing currently. It's a fact that financial market events that are widely expected rarely... READ MORE
* Yield Curve Inversion and Recessions * Using the Economy to Forecast the Economy * What Happens to the Stock Market after an Initial Inversion? * Yield Curve Conclusion * Catch a Falling Knife, Anyone? By now, everyone and his dog is aware that the yield curve has inverted. An event such as this is... READ MORE
* Long-Term Bond Oscillators Almost Fully Stretched * Key Reversal Bars and Other Evidence Suggests Bonds are Exhausted on the Upside * The Trend is Your Friend.... Until It Isn't About a month ago, I wrote an article entitled "Bond Yields May Not Be Headed Lower After All". In... READ MORE
* Three Short-Term Oscillators Positioned for a Rally * Two Psychological Indicators Looking Bullish * Just When You Thought Bonds Would Go Up Forever Usually, it takes a long time for some of the indicators to reach what we might call "deep fear" levels, points from which important rallies can be... READ MORE
* Two Indicators That are Not Yet Oversold * Several Confidence Ratios are at the Brink * Global Equities Probably Need to Test Their 200-day MA In the third week of July, I wrote an article entitled "Is It Time For A Contra Trend Correction?" (currently unavailable). Initially, the market thumbed... READ MORE
Editor's Note: This article was originally published in Martin Pring's Market Roundup on Tuesday, July 30th at 1:14pm ET. Technical Analysis is an art form, one in which we put together several reasonably reliable indicators and form a weight-of-the-evidence opinion about the status of the... READ MORE
The monthly Market Roundup video for August is now available. Good luck and good charting, Martin J. Pring The views expressed in this article are those of the author and do not necessarily reflect the position or opinion of Pring Turner Capital Group of Walnut Creek or its affiliates.... READ MORE
* Defining a Bull or Bear Market Using a Two-Way Test * Applying the Test to the Dollar * The Euro and the Pound Defining a Bull or Bear Market Using a Two-Way Test Technical Analysis is an art form, one in which we put together several reasonably reliable indicators and form a... READ MORE
* Major Trend Remains Positive * Weekly Bar and Candle Charts Offer a Warning * Reliable Short-Term Indicators, like Sentiment, are Overstretched Major Trend Remains Positive Each weekend, I go through a ChartList featuring weekly bar and candle charts of key markets. The idea is to spot technical events that appear on the... READ MORE
Editor's Note: This article was originally published in Martin Pring's Market Roundup on Tuesday, July 16th at 1:24pm ET. When we get to longer-dated securities, that's where I start to question if yields are likely to move much lower. Let’s start with... READ MORE
* Money Market Yields Continue to Look Vulnerable * The 5-Year Yield is in a Secular Uptrend * Longer-Dated Maturities Overstretched on the Downside Money Market Yields Continue to Look Vulnerable Everybody and their dog thinks that short-term rates will be cut by the Fed later this month. Count me in with the... READ MORE
Market Tentatively Triggers a Long-Term Buy Signal Chart 1 features a Coppock indicator for the NYSE Composite, which triggers buy signals by reversing to the upside from a position at or below the equilibrium level. Since 1970, there have been thirteen such signals and only one failure (in 2002). That&... READ MORE
The monthly Market Roundup video for July is now available. Good luck and good charting, Martin J. Pring The views expressed in this article are those of the author and do not necessarily reflect the position or opinion of Pring Turner Capital Group of Walnut Creek or its affiliates.... READ MORE
Editor's Note: This article was originally published in Martin Pring's Market Roundup on Tuesday, July 2nd at 12:36pm ET. Back in May, I wrote an article entitled “Commodities: Down Now, Up Later?" in which I pointed out some of the long-term technical bullish potential... READ MORE
* CRB Still Caught in a Trading Range * Commodity/Bond Ratio Holding On By its Teeth * Watch the Canadian Dollar for Clues CRB Still Caught in a Trading Range Back in May, I wrote an article entitled “Commodities: Down Now, Up Later?" in which I pointed out some of the... READ MORE
* A Weaker Dollar is Bullish for Gold * The Gold 6/15 PPO Model for Gold is Bullish * Global Gold is Breaking Out * Gold Shares Showing Signs of Strength * Gold Special K Crossed its Bear Market Trend Line Last week, Gold experienced an upside breakout from a multi-year base. I always... READ MORE
Editor's Note: This article was originally published in Martin Pring's Market Roundup on Tuesday, June 18th at 2:30pm ET. Several reliable short-term oscillators have just turned bullish. Chart 5, for instance, features my Dow Diffusion Indicator. This one is similar to the Global Oscillator, but... READ MORE
* US Breaking Out Against the World * The World Itself Looks to be in Pretty Good Technical Shape * NYSE A/D and Upside/Downside Lines at Record Levels * More Short-Term US Market Indicators Turn Bullish * Multiple Momentum Trend Line Breaks is Very Positive * There Is Always Something to Worry About US... READ MORE
* Financial Velocity Indicator Poised to Go Bullish * Oversold NASDAQ Volume in a Position to Support a Rally * Rapid Expansion of Net New Highs is Bullish * Global Breadth Turning? * When Stock Exchanges Break to the Upside, That’s Usually Bullish for Stocks Financial Velocity Indicator Poised to Go Bullish One of... READ MORE
Editor's Note: This article was originally published in Martin Pring's Market Roundup on Tuesday, June 4th at 2:57pm ET. From a long-term aspect, Gold looks as though it is in the process of duplicating its action at the turn of the century by forming a... READ MORE
The monthly Market Roundup video for June is now available. Good luck and good charting, Martin J. Pring The views expressed in this article are those of the author and do not necessarily reflect the position or opinion of Pring Turner Capital Group of Walnut Creek or its affiliates.... READ MORE
* Long-Term Picture Shows Gold Close to a Breakout * The Shares Are on the Cusp As Well * Short-Term Indicators for Gold Go Bullish * Yen Emerging From a Breakout I like to use an indicator that I call “Risk On Risk Off,” which combines an index comprising several risky entities with another... READ MORE
* Flight to Safety Leaves Stocks Behind * S&P vs. Gold is Another Measure of Confidence That’s Deteriorating * High-Quality Bonds Like Deteriorating Confidence * A Rising Gold/Commodity Ratio is Actually Bearish for Commodities Flight to Safety Leaves Stocks Behind Last week, I wrote that it was nail-biting time for... READ MORE
Editor's Note: This article was originally published in Martin Pring's Market Roundup on Friday, May 24th at 4:42pm ET. This week has seen many interest rate series, both in the US and around the world, breaking down from important trading ranges or reaffirming previous breaks.... READ MORE